SNGPL earned Rs 605 million in profit before tax and Rs 415 million in profit after tax during the nine month period ending on March 31, 2011. The earning per share during the period under review was Rs 0.76. The Board of Directors of the Company approved the un-audited third quarter accounts during a meeting. Gas sales of the company, in terms of volume, during the period were 440,145 MMCFD against 439,000 MMCFD during the same period last year.
While, the sales in terms of rupees has increased from Rs 115,949 million to Rs 140,391 million, the directors have shown concern about the increase in Unaccounted for Gas (UFG) in the period under review. In this regard, the management has recently deployed a UFG reduction program that deploys the latest technology and improved vigilance to reduce gas losses due to theft and leakages.
